The Wealth of Innovation

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The Wealth of Innovation
IsraelLife Science Industry

• April 2009

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The IEICI Your Link to the Industry

• Mission
• Promote Trade, Joint Ventures and Strategic
  Alliances between overseas and Israeli Companies.
• Endorse the integration of Israeli companies into
  the global market.
• Goal
• Facilitate Business Opportunities

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Israel and Neighbours Necessity is the Mother of
Inventions
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Israel at a Glance

• Area 21,000 km2
• Population 7.3 Million
• GDP/Capita 27,220
• Total Export 80.4 Billion (13)
• Export of Goods 56.5 Billion (14.4)
• 5 years average Inflation rate 1.6
• Penetration House hold
• Mobile - 98
• Fast Internet - 72 39 H/week

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Global Competitiveness Index 2007/2008
IsraelScience Industry
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Global CompetitivenessIsrael 2007 - 2008

• In the global competitiveness index Israel is
  ranked 17/131
• Notable Advantages Rank
• Quality of scientific research institutions 3
• Availability of latest technologies 3
• Utility patents 3
• Venture capital availability 5

Source World Economic Forum (2007-2008)
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from Creationto Creativity
IsraelLife Science Industry
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Science NoveltyNobel Prize Winners
Prof. Avram Hershko Prof. Aaron
Ciechanover Winner of the 2004 Nobel Prize in
Chemistry
Total of 8 Nobel Prize winners in Economy (2005,
2002), Literature (1966) and in Peace.
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The Industry Drivers

• Technology Transfer Institutes
• Commercialized defense technology
• Healthcare system
• Strong entrepreneurial spirit
• Powerful VC community
• Highly skilled workforce
• Institutional incentives

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Well of Novelty Creative fusion between academia
and business
69 - 75 Basic Research 75 - 87 Clinical Trials 87
- 96 Teva Licensing 1996 - FDA Approval
www.ittn.org.il
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Fountain of Innovationand they shall beat their
swords into plowshares
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Spring of Creativity Early adopters physician

• Healthcare expenditure 2008
• 7.5 of the GDP, (1,900 per capita)
• 3.9 Physicians per 1000
• 44 general hospitals (373 hospitals), 42,100 beds

Sources Economist Intelligence Unit.
www.ittn.org.il
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Culture

• Strong Entrepreneurial Spirit.
• Improvisation - Risk taking attitude.
• Military service based - Intense social
  networking.
• Convergence - Different socio-economy background
• Informality - Easy access to decision makers.
• Extensive new immigrants - Multicultural
  environment.

Medinol Gregory Pinchasik
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Private VC Industry
2008 80 Private VC Funds 10 Billion
1992 1 Government Fund 100 Million
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Highly Skilled Workforce

• 34 of the population holds university degrees.
• 24 of the working force (3rd after the US and
  Holland).
• 12 holds advanced degree
• 40 of the 90s immigrants hold academic degree.

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Institutional Incentives

• Chief Scientists grants
• RD Consortiums
• Technology incubators
• Bi-National funds
• Federal grants (NIH)
• EU Framework
• Marketing Grants

Expenditure of civilian RD In Israel OECD
countries ( of GDP)
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Business Card
IsraelLife Science Industry
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Fast Growing IndustryYoung, Creative,
Innovative Industry
1996 By 2008 186 companies over 1250
companies 70-80 new companies being formed each
year
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Growth Engine

• Export - 6.5 billion in 2008 (26)
• 13 of the goods export ( 38 of High-Tech)
• NA 72, Europe 21, and Asia 5.

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Medical DevicesRanked 2nd for its Medical
Devices Solutions
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Molecules - Bio PharmaA World Leader in
Research
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Healthcare ITLeading in Implementations
Over 95 of MDs use IT in daily
practice. Israel is among the world leaders in
the usage of Information Technology (IT) in
Healthcare (Gartner)
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Wealth of Clusters
IsraelLife Science Industry
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Other ClustersA Short List

• Cardiovascular (106)
• Dental (69)
• DermaAesthetics (40)
• Oncology (38)
• Orthopedics (32)
• Women's Health (31)
• Home Care

• Diagnostics (125)
• Healthcare IT (73)
• Imaging (62)
• Drug Delivery (54)
• MIS (49)
• Monitoring (39)
• Telemedicine (15)

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Drug Delivery TargetingRejuvenate Expired
Molecule
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Bringing InnovationAround the World
IsraelLife Science Industry
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International PresenceWith Equity Position
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Mark the DateMeet the Industry
www.congress.co.il/ici2009
www.kenes.com/biomed
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Knowledgebase PortalIntuitive Map Smart Search
www.export.gov.il/ls
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IsraelThe Promised Land
15 May 1948 680,000
2008 7,280,000
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Choose IsraelLet us do the rest
Thanks
David FurstLife Sciences Director furst_at_export.go
v.il www.export.gov.il/LS